SBFC Finance has approved the grant of 98,38,000 stock options under its SBFC Stock Option Policy 2025-I, as resolved by the Nomination and Remuneration Committee on February 2, 2026. These options will vest starting 12 months from the grant date, over a period of 48 months. The exercise price will be based on the average closing price of the five trading days preceding the grant date.
Stock Option Grant Approval
The Nomination and Remuneration Committee of SBFC Finance has approved the grant of 98,38,000 stock options under the SBFC Stock Option Policy 2025 – I, referred to as ‘the Scheme’. This decision was made via circular resolution on February 2, 2026.
Details of the Option Grant
The company granted 98,38,000 stock options to eligible employees. Each option is convertible into one equity share of the company, with a face value of ₹10.
Vesting Schedule
The options vest beginning 12 months from the date of grant, distributed over 48 months as follows:
- 12 months: 25%
- 15 months: 6.25%
- 18 months: 6.25%
- 21 months: 6.25%
- 24 months: 6.25%
- 27 months: 6.25%
- 30 months: 6.25%
- 33 months: 6.25%
- 36 months: 6.25%
- 39 months: 6.25%
- 42 months: 6.25%
- 45 months: 6.25%
- 48 months: 6.25%
Exercise Period
The options can be exercised within 6 months from the date of vesting.
Pricing of Options
The exercise price per vested option will be based on the average closing price of the five immediate trading days before the relevant date of grant. The closing price of the stock exchange with the higher trading volume during that period will be considered. The relevant date for grant is when the NRC approves the options.
Source: BSE
